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Category: Market Updates

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March 20, 2023
Wading Through Financial Stability Risks: An Action Plan

March 20, 2023: The Federal Reserve (Fed) has a history of raising short-term interest rates until something “breaks.” Considering the Fed has raised rates from a near-zero level to 4.75% (upper bound) over the course of only one year, it was almost a near certainty this...

March 13, 2023
Stress in Banking System | Latest Equity Asset Allocation Views

March 13, 2023: Last week did not play out how we anticipated. Coming into the week, it was all about Federal Reserve (Fed) Chair Jerome Powell’s congressional testimony and the February jobs report. Instead, we got a shockingly fast collapse of a financial institution wit...

March 6, 2023
No Landing. No Sense: Suggesting an Economy Makes “No Landing” Makes No Sense

March 6, 2023: Suggesting an economy makes “no landing” makes no sense. Analogies eventually break down, especially this one. Economic activity does not stop like an airplane eventually does, but rather the economy will settle into a steady state where growth is consiste...

February 27, 2023
Debt Ceiling Primer: What You Need to Know

February 27, 2023: While concerns about the debt ceiling have been increasing, markets, businesses, and the economy are likely to see only minimal impact until we are days, or maybe a few weeks, from the “x date,” the date on which the federal government will no longer b...

February 21, 2023
What’s Changed in the Markets in 2023 and What it Could Mean

February 21, 2023: Markets have adjusted to several changes this year. The pace at which inflation has cooled is slowing. The market has started to believe the Federal Reserve’s (Fed) “higher for longer” message. The bar for earnings has been lowered. Market relationsh...

February 13, 2023
Trying to Stick the Landing: Can the Stock Market Do It?

February 13, 2023: Soft landing or no soft landing, that is the question, with all due respect to William Shakespeare. But while this may be the most commonly asked question these days, it may not be the most important or the toughest. That honor goes to what’s priced in. ...

February 4, 2023
Brightening Outlook for International Equities: Have the Tides Turned

February 4, 2023: Investors got more excited about international investing late last year. Some of that was chasing better returns, as developed international equities solidly beat the U.S. over the last three months of 2022. Some was the increased popularity of value invest...

January 31, 2023
Will January’s Market Hit the Trifecta? The Seasonal Indicators

January 30, 2023: The script has been flipped in 2023. Last year’s underperformers have turned into outperformers this year, driving the S&P 500 Index up over 5% this month. The pace and composition of the rally have left many investors skeptical over its sustainability, e...

January 24, 2023
A Feisty Bull-Bear Debate: Weighing the Pros and Cons

January 23, 2023: The latest episode of the debate between stock market bulls and bears has gotten more interesting. For every valid point from one side, there’s an equally compelling argument on the other side. Perhaps the best reason for the debate is the uniqueness of t...

January 17, 2023
Q4 Earnings Preview: Pessimism May Be Overdone

January 17, 2023: Fourth quarter earnings season is underway and probably won’t bring much good news. Lackluster global growth, ongoing profit margin pressures from inflation, and negative currency impacts are likely to translate into a year-over-year decline in S&P 500 In...

January 9, 2023
Market, Stocks, and Bonds Lessons Learned from 2022

January 9, 2023: We believe accountability and modesty are among the keys to success in this business. In striving for those qualities, LPL Research has a tradition of starting off a new year with a lessons learned commentary. We got some things wrong last year, no doubt. Bu...

January 3, 2023
2023 Market Outlook: LPL Research Takes a Look at the Year Ahead

January 3, 2023: 2022 was a dizzying year as markets and the global economy continued to find itself out of balance due to the still present aftereffects of the COVID-19 pandemic and the policy response to it. If 2022 was about recognizing imbalances that had built in the ec...